Monday Exposes a Brittle Energy Sector
The Energy Sector's Brittle Gains. The energy sector couldn't hold onto the surge in share prices in the face of adversity today.
Netflix Beat the Tech Trend Today. Netflix (NFLX) posted big gains on the day, shooting up 15.35 points over the course of a few hours. With this latest rise, some analysts are questioning whether or not the time is right to cash out -- but Netflix doesn't look set to fall anytime soon. At the end of the day, Netflix closed with a share price of $589.95.
The technology sector as a whole had a rougher ride today, with widespread losses and missed earnings reports weighing down share prices. Apple (AAPL) fell -1.30 points today, and closed at $126.32 per share. Google (GOOG) and Microsoft (MSFT) were both down as well. Even Amazon (AMZN), which has been remarkably solid, lost a little bit today, falling less than -0.20% to $432.85 per share.
Apache Down -4% Despite Solid Q1. The company who makes the most popular internet server software on the planet, Apache (APA), posted big losses today despite posting better-than-expected Q1 earnings. Just like Tesla (TSLA), the company was expected to lose money -- and did -- but lost less than expected. That didn't seem to help Apache today, which is in a slump this week. The stock lost -2.41 points and closed down at $63.13 per share.
Monster Gains Back Ground After Friday's Selloff. Energy drink manufacturer Monster (MNST) rebounded today after facing a big Friday selloff. The company made back 4% after falling more than -10% in a big decline last week. Monster rose 5.53 points in trading today, and closed at $134.01 per share today.
Published on May 11, 2015By Aaron Phillips